Category: Latest News
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Dow Jones, S&P, Nasdaq, Wall Street Set for Lower Open Amid Renewed Tariff Fears
U.S. stock markets are poised to open lower on Friday as futures for the major indexes signal a retreat, with investors bracing for renewed trade tensions following two days of gains. The pullback comes in response to rising anxiety over President Donald Trump’s latest trade actions, which have refocused attention on his increasingly aggressive tariff…
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Robinhood Under Florida Investigation for Alleged Misleading Crypto Pricing Claims
Florida’s attorney general has launched an investigation into Robinhood Crypto (NASDAQ:HOOD), LLC, probing whether the platform misled users about the true cost of trading digital assets. The inquiry centers on suspicions that Robinhood’s promotional messaging may have violated state consumer protection laws. Attorney General James Uthmeier announced Thursday that his office has issued a subpoena…
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MiNK Therapeutics Shares Skyrocket After Landmark Cancer Remission Result
MiNK Therapeutics, Inc. (NASDAQ:INKT) saw its stock soar by 200% following the announcement of a remarkable cancer remission case linked to its investigational cell therapy, agenT-797. The clinical-stage biotech firm revealed that a patient with advanced, treatment-resistant testicular cancer achieved full remission after receiving a single infusion of its allogeneic invariant natural killer T (iNKT)…
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Gauzy Shares Rally After CEO and Key Investor Snap Up Over Half a Million Shares
Gauzy Ltd. (NASDAQ:GAUZ) stock surged 20% after the company disclosed that CEO and Co-Founder Eyal Peso and major investor Alejandro Weinstein acquired a combined 560,000 ordinary shares in a private deal. The purchase, finalized in the first half of June 2025, involved shares bought from an existing shareholder. The move is being interpreted as a…
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Capricor Shares Tumble After FDA Rejects Duchenne Therapy Application
Capricor Therapeutics (NASDAQ:CAPR) saw its stock plummet by 53% on Friday after the U.S. Food and Drug Administration issued a Complete Response Letter (CRL), rejecting the company’s bid for approval of its Duchenne muscular dystrophy (DMD) therapy, Deramiocel. The agency stated that the company’s Biologics License Application (BLA) lacked the required substantial evidence to demonstrate…
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Performance Food Group Shares Surge Amid Talk of Possible US Foods Acquisition
Shares of Performance Food Group (NYSE:PFGC) surged by 5% on Friday after reports surfaced suggesting that rival distributor US Foods may be eyeing the company for a potential takeover. According to Bloomberg News, US Foods has shown interest in acquiring Performance Food Group, fueling investor speculation about a possible merger that could reshape the U.S.…
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Drone Sector Soars as Pentagon Pushes for Expanded Production
Stocks linked to drone technology surged in premarket trading Friday after reports emerged that U.S. Defense Secretary Pete Hegseth has ordered a sharp escalation in drone manufacturing and deployment. As reported by Fox News, Hegseth has authorized military leaders to fast-track the acquisition and testing of both commercially available drones and 3D-printed prototypes. The move…
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Dollar edges up on fresh U.S. tariffs; pound pressured by weak UK growth data
The U.S. dollar gained ground on Friday as President Donald Trump’s latest tariff measures sparked demand for the greenback as a safe haven. Meanwhile, sterling weakened following disappointing UK economic data. By 04:55 ET (08:55 GMT), the Dollar Index, which tracks the currency against a basket of six others, rose 0.2% to 97.500, poised for…
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Markets react to Canadian tariffs, Nvidia’s valuation surge, and Bitcoin’s record rally
U.S. stock futures declined on Friday following President Donald Trump’s announcement of new tariffs targeting Canadian imports, sparking fears that other trade partners could soon face similar measures, which added pressure on global trade sentiment. At the same time, Nvidia (NASDAQ:NVDA) achieved a historic market valuation exceeding $4 trillion, while Bitcoin climbed to unprecedented levels.…
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BP Projects Higher Production and Strong Trading, Weighed Down by Softer Energy Prices
BP (NYSE:BP) announced on Friday that it expects increased oil output and solid trading results for Q2, although weaker price realizations in its upstream operations may dampen overall earnings. Shares rose 2.2% by 03:48 ET . Upstream production is forecasted to rise compared to Q1, primarily driven by higher oil volumes, especially from BPX Energy.…